Requirements 1. Fill in the time line for the Blending Department. 2. Summarize the physical flow of units and compute total equivalent units for direct materials and for conversion costs. 3. Summarize total costs to account for and find the cost per equivalent unit for direct materials and conversion costs. 4. Assign total costs to units (gallons): a. Completed and transferred out to the Packaging Department b. In the Blending Department ending work in process inventory 5. What is the average cost per gallon transferred out of the Blending Department to the Packaging Department? Why would the company's managers want to know this cost? Gallons: 9,600 gallons .Beginning work.in.process inventory .. Started production ..... Completed and transferred out to .P.ackaging.in May.... ........ Ending work in process inventory (45% of the way through the blending process). . Costs: 6,800 gallons 2,800 gallons 0 . Beginning.work.in.process inventory ...... Costs added during May: .Direct materials.(dyes) Direct labor 6,240 Direct labor....................................... 950 1,871 .Manufacturing.averhead..... IVICALIULOL U LILIG . V. LIO . . . . . . . . . . . . . . . . . . . . $ 9,061 Total costs. added during. May............ Step - by - Step Painting prepares and packages paint products. The company has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. Data from the month of May for the Blending Department are as follows: (Click the icon to view the data from May.) Read the requirements. Requirement 1. Fill-in the time line for the Blending Department. Start | Complete Complete Requirements 1. Fill in the time line for the Blending Department. 2. Summarize the physical flow of units and compute total equivalent units for direct materials and for conversion costs. 3. Summarize total costs to account for and find the cost per equivalent unit for direct materials and conversion costs. 4. Assign total costs to units (gallons): a. Completed and transferred out to the Packaging Department b. In the Blending Department ending work in process inventory 5. What is the average cost per gallon transferred out of the Blending Department to the Packaging Department? Why would the company's managers want to know this cost? Gallons: 9,600 gallons .Beginning work.in.process inventory .. Started production ..... Completed and transferred out to .P.ackaging.in May.... ........ Ending work in process inventory (45% of the way through the blending process). . Costs: 6,800 gallons 2,800 gallons 0 . Beginning.work.in.process inventory ...... Costs added during May: .Direct materials.(dyes) Direct labor 6,240 Direct labor....................................... 950 1,871 .Manufacturing.averhead..... IVICALIULOL U LILIG . V. LIO . . . . . . . . . . . . . . . . . . . . $ 9,061 Total costs. added during. May............ Step - by - Step Painting prepares and packages paint products. The company has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. Data from the month of May for the Blending Department are as follows: (Click the icon to view the data from May.) Read the requirements. Requirement 1. Fill-in the time line for the Blending Department. Start | Complete Complete
